Gail signs 10-yr deal to buy up to 0.52 mn tonnes LNG per yr with ADNOC Gas

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Gail signs 10-yr deal to buy up to 0.52 mn tonnes LNG per yr with ADNOC Gas - Business Standard

Quick Summary:

State-owned gas utility GAIL (India) Ltd on Thursday said it has signed a 10-year deal to buy up to 0.52 million tonnes per annum of liquefied natural gas (LNG) from Abu Dhabi's ADNOC Gas starting 2026.

Sanjay Kumar, Director (Marketing), GAIL said: "India is witnessing a growing demand for LNG to meet its increasing natural gas demand in a diversified sectoral pattern.

"The LNG will be delivered in six cargoes per year from ADNOC Gas' Das Island natural gas facility, which has an LNG processing capacity of 6.0 million tonnes per annum.